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20131202
20131210
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. so what obama is hoping is that i'm going to put out there now. because a year from now, people aren't going to remember the roll-out stuff. it's going to be like thank god i went to the doctor and it wasn't the emergency ward and guess what? now i've got my diabetes under control, my chemotherapy here, my viagra. there will be millions of men who will rise to the occasion and say we are grateful for what he has done. >> i just caught that. the thing is, zerlina, i think it's actually true, as funny as that was -- and i'm glad you made that appointment, the website is such a fixation, particularly in terms of media could haverag coverage, because something a reporter can log on to and demonstrate for themselves. it's as if they're acting the website literally can last for another year. because there is not an election for another year. how is that possible, they think that can keep going? >> i don't know. i mean, the problem for them is that obama care is their plan. and that's why they don't have anything to say. and they had to focus on the website. so i think the media and republi
of their more than three and a half year campaign against obama care. but the sailing is going to get much rougher for them now that people are actually seeing the benefits. >> now, joan, every now and then, we hear, you know, a republican say they should root for the health care law to fail. some level of, you know, let's not root for it to fail. so here's georgia congressman jack kingston who's running for the senate. listen. >> a lot of conservatives say just step back and let this thing fall to pieces on its own. but i don't think that's always the responsible thing to do. i think we need to be looking for things that improve health care overall for all of us. and if there was something in obama care, we need to know about it. >> now, kingston said it's not responsible to let this thing fall to pieces. and the right wing blog red state posted, quote, jack kingston has surrendered on obama care. has surrendered. they may kick him out the party. he surrendered because he said everyone should work toward improving health care? i mean, how cynical is this? >> it's very cynical, but that is
. general, always good to talk to you. >>> president obama pivot. this time criticizing five years of his own economic policies. we take it up in tonight's chalk top, joined by monica crowley, david web and matt patrick. >>> the president very upset, today reeling against income and equality in america. >> i believe this is the defining challenge of our time, making sure our economy works for every working american. that's why i ran for president. the combined friends of increased inequality and decreasing mobility pose a fundamental threat to the american dream, our way of life and what we stand for around the globe. >>> i hated to be the one to point this out to the president and his speech writers, but the president isn't giving that speech in 2007 or '8, the president has been in office, for crying out loud, for five years! the economic failures that he is slamming are not george bush's, they're not bill clinton's. they are his. and yes, the obama record poses a fundamental threat to the american dream for millions of americans. he's got that right. take a look under mr. president. th
, always good to talk to you. >>> president obama pivot. this time criticizing five years of his own economic policies. we take it up in tonight's chalk top, joined by monica crowley, david web and matt patrick. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! >>> the president very upset, today reeling against income and equality in america. >> i believe this is the defining challenge of our time, making sure our economy works for every working american. that's why i ran for president. the combined friends of increased inequality and decreasing mobility pose a fundamental threat to the american dream, our way of life and what we stand for
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of 18- 29-year-olds who used to be obama fans. they are against the affordable care act and would like to so him bounced from office. the president pushed back, look it is the republicans who are trying to discourage you from getting health care, take a listen. >> i need your help. you know i need your help. believe it or not there are organizations that are out there working to convince young people not to get insurance. now think about that. that is a really bizarre way to spend your money. >> and they are cautiously optimistic in the white house that they are starting to turn the corner on healthcare.gov and can get the president out there talking about the benefits of the affordable care act. but we see senate republican staffers tweeting out they were doing a tutorial on how senate staffers sign up for the dc exchange here in washington for the health care and there was a break down with the site. spoker boehner was able to get through and enroll and got bad news about how much it is going to cost. >> my health insurance premiums are going to double. my co-pays and tripled under o
a credible candidate presented himself, barack obama, the clintons never thought in a million years he would be viable. when he proved to be viable, african-americans said we want the real thing. not the fictional first black president. >> you're referring to tony morrison. >> absolutely. >> tony morrison said bill clinton was the first black president. i think it's more important to get a real one. >> we did. >> anyway, let's go to e the present time. here we are in december of 2013 looking way ahead, but not too far ahead because a year from now we'll be right in the middle of this thing. everyone will announce a the 2014 election. everybody willing in this thing. we'll know the field. and so my question is is he doing what he has to do? i love bill grade. bill grade is a great leader in philadelphia. you hear this great reporting by jonathan martin this weekend in the "times." there's hillary clinton asking what you and i would do in the same situation. you're asking somebody to spot the people and who they are in the community. who the state reps, the city council people. you got to know
, president obama returns to a theme we'll probably hear often over the next three years of his presidency, economic justice and social justice. this is "hardball," the please for politics. life with crohn's disease or ulcerative colitis is a daily game of "what if's". what if my abdominal pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your symptoms is damaging inflammation? for help getting the answers you need, talk to your doctor and visit crohnsandcolitisinfo.com to get your complimentary q&a book, with information from experts on your condition. you give them the giggles. tylenol cold® helps relieve your worst cold and flu symptoms. but for everything we do, we know you do so much more. tylenol cold®. as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way, rethink how you're invested, and refocus as your career moves forward. wherever you are today, a
he had to say. [video clip] last week, the obama administration tried to hide another unilateral, one-year obamacare. just like in july, right before holiday,endence day the administration try to hide the one-year delay of the business mandate. president obama and others have tried to hide what they knew problems wellite before the website launched. administration tries to continue to hide problems on the website.of the the administration has tried to hide the security problems that that one official called the website'sr to launch. the president and house democrats tried to hide for millions of americans would lose the coverage that they liked. the president and house democrats tried to hide for years that many americans will access to the doctors, the pediatricians, and perhaps even the hospitals that they choose. at this point, one has to ask, what else are they hiding? congressman. think they're hiding anything, frankly. i think when you are pushing timehing out for the first , you do not immediately say everything that is wrong. then people will say, -- they work anding to make it the
year and people actually understand what they're getting and what they're avoiding. i mean obama hasn't done a great job in selling the affordable care act. he should have given people sort of a health care 101. there are really only three basic options for health care. we can do what we were doing, which we all agree didn't work. we can go for a universal single payer plan which the rest of the world does but the republicans could scream communism or do obama care. this is a republican plan that the republicans now want to repeal. and paum ought to bring that irony hope to people, i think. >> as you point out, this was, you know, mother endorsed by the heritage foundation and implemented in massachusetts, which is basically -- >> by a republican governor, mitt romney. >> by a republican governor. almost 100% of adults and children are now covered because of what they were able to institute there in massachusetts. suzy, while we talk about this and are just in the beginning of december, it's just the beginning, everybody, although we're freaking out that we're getting so close to chri
, whether you like the bill or not, for the next three years it is going to be law. until president obama is no longer in the white house, then we have a discussion about repeal. then republicans need to stop saying we need to get it off the books. >> sam, what are they accusing him of? it's like if a baseball batter gets a strike called on him, you don't accuse him of not trying to hit the ball. if you try to hit the ball and fail, that's what obama did here. it was a poor rollout. >> yeah. >> are they accusing him of wanting to have a poor rollout? it seems like they're saying he lied. he wanted this to be lousy. what are they actually accusing him of? >> that's the irony of the criticism. they say the website is so poor. it's not letting people buy coverage. it's not what you promised it to be. and we don't want people to buy coverage. it would be bad for femme. so there is a general inconsistency to the criticism here. but again, the president stressed it today. for the next three years, he will be in the oval office. the repeal movement is for that period of time dead. there is no re
of obamacare. just like right before the independence holiday they tried to hide the one-year business mandate. president obama and others have tried to hide what they knew about the website problems. they continue to try to hide problems on the back end of the website that is delivering information to insurers. they have tried to hide the security problems that exist with the website. the president and house democrats tried to hide for years that millions of americans would lose the coverage they like. the president house democrats tried to hide for years that many americans will lose access to doctors, pediatricians, and even hospitals they chose. you have to ask what else are they hiding? obamacare is plagued with problems and every american deserving relief from it. this administration has to come clean and explain why and how americans are impacted by this law. this isn't helping americans. it is harming those people who need help the most right now. >> welcome back. >> so part of the republican leadership is they come out talking about jobs and economy but immediate transition to the pro
medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> as the nation debates obama care, a law passed three years ago, some medical experts say a big health care problem stems from much older laws. peter huber says federal laws are holding back innovations to tackle cancer and alzheimers and diabetes right now. he argues these diseases can be treated with personalized cures tailored to each individual's body and the cure may not be the hard part. joining us now, peter huber, the latest book "the cure in the code." thank you for being here. >> pleasure. >> one of the things you talk about is the scientific breakthroughs. how would that work to give us sort of a more personalized care or cure for an individual? >> for first time in history biochemists and medicine in general can read everything that's happening in our our bodies down to the mole kul ar level. there's not been anything like this remotely closely for 100 years. the last thing was germ theory. we're getting very good at it. >> how much of this is created by regulations and approvals required by the fda?
and the president has been in office for five years. for crying out loud. the economic failures are not that of george w. bush, they are not of bill clinton, they are of hits. yes, the obama record poses a fundamental threat to millions of americans and he's got that right. take a look under mr. obama. the income gap, four times faster has expanded four times faster than it did under president george bush. under president obama, 6.7 americans in the millions have fallen into poverty. the same one that had the audacity to stand before the cameras and speak as though he had absolutely been uninvolvee and policies for the past five years. it's an extraordinary thought. the number of workers receiving disability benefits under his administration over the course of the past five years has risen by 20% to almost 9 million people. 9 million people under president obama. under president obama, 21.6 americans are underemployed or unemployed and giving up looking for work. under president obama, the average duration has nearly doubled to more than 36 weeks and today, president obama joine
of the past five years has risen by 20% to almost 9 million people. 9 million people under president obama. under president obama, 21.6 americans are underemployed or unemployed and giving up looking for work. under president obama, the average duration has nearly doubled to more than 36 weeks and today, president obama joined the nearly 70% of voters who say that the united states is now headed in the wrong direction. so often it seems that you can't make this stuff up. joinin us now is a fox news contributor, monica crowley and david webb and from houston, monica, i'm going to ask you, the preside be so deeply critical and profoundly punishing of his own administration over the course of five years? >> i think on a superficial level you are absolutely right. but i think on an obvious level. you are correct. the lexical little bit deeper. i don't think t's a big mystery as to bartok obama ..@ i think he is what you can call a socialist. lou: the question is have you ever seen a president like that. >> now, i have not. the normal american see a disaster and i think that obama and the far l
. and for dark spots rapid tone repair. from neutrogena®. >>> with nearly a year to go before the 2014 election, louisiana senator mary landrieu is already under attack for her support of obama care. >> louisianans told mary landrieu to vote no on obama care. >> people think it's big government at its worst. >> instead she sided with barack obama. >> now we are paying the price. >> landrieu is one of three democrats fighting for their political lives in the southern state. senators pryor and hague annnha of a shrinking group of democrats who have an uphill battle in 2014. let me bring in jason stanford, danny vargas, republican strategist and nbc latino contributor. good morning. >> good morning, chris. >> good morning, chris. >> jason, all three of these democrats that i pointed out voted for obama care but criticized the administration's handling of the rollout. one attack called the landrieu barack obama's rubber stamp. how big a problem is the affordable care act going to be for these democrats. >> well, if the election were this year it would be a big problem but luckily it's next year. th
to reach president obama's one-year, seven million people signup goal. seven million people heretofore had not had health insurance or maybe they got kicked off of their health insurance plan because the promise of if you like your health plan you can keep it has not been kept. many people, unfortunately, very many people, something like five million, have already been notified that they're not going to be able to keep their health care insurance even though they like it. many health insurance professionals and public officials have gone public. they have reported that the site isn't anywhere near ready for primetime, and as much as 40%, as i said earlier, of the site has yet to be built. my hometown newspaper in atlanta, georgia, "the atlanta journal constitution," included a headline today, and i quote, new and improved? not so much, some georgians find, end quote. and they went on to highlight three of the most glaring examples. i'm going to give -- colleagues, i'm going to give you a couple of the examples in the interest of time. alforetta, georgia, shopping online, he's faced roadblo
-and-tumble greeting at the white house. an overenthusiastic dog, obama's dog sun y, puppy number two and 2-year-old ashton. all is well that ends well. looks like it could be the start of a beautiful friendship sealed with a kiss. [ male announcer ] if you stash tissues like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. ♪ by the end of december, we'll be delivering ♪ ♪ through 12 blizzards blowing ♪ 8 front yards blinding ♪ 6 snowballs flying ♪ 5 packages addressed by toddlers ♪ ♪ that's a q ♪ 4 lightning bolts ♪ 3 creepy gnomes ♪ 2 angry geese ♪ and a giant blow-up snowman ♪ that kind of freaks me out [ beep ] [ female announcer ] no one delivers the holidays like the u.s. postal service. priority mail flat rate is more reliable than ever. and with improved tracking up to 11 scans, you can even watch us get it there. ♪ >>> it has been four year this week since allen gross was jailed in cuba. he was found gui
who is now in the person of president obama. and he wants to impose big government on the poor, free people of texas and everywhere else. i've known john cornyn for years, i've covered him for years. i don't think of him at heart as that kind of guy. he was a corporate republican. he was part of the george w. bush machine of compassionate conservatism years ago. but now he's playing to that crowd. and the fact it was a google hangout is significant. one of the things that's changed here is that you marry that long tradition of american fear of government, of resentment of the other, of conservative versus liberalism. you marry that us versus them with modern technology in the fact you can speak discreetly to your own crew and stoke up your own crew, wave the flag with them, and you have the tone of the republican party today. they're largely speaking to themselves. >> yeah. and on occasion they get caught, sam. one thing i've noticed here the way howard pointed that out is yes john cornyn was a regular conservative republican until ted cruz became his running mate. driving out of cir
whose baby was denied coverage under obama care? >> those family plan quotes included myself, my wife, our 7, 5, and 7-year-old, and 18 month-old was left off. the response was no, they don't allow family plans under the age of 8. >> this guy tried to sign his family up for insurance on the new york state exchange and they refused to enroll his 18 month-old baby? obama care is anti-toddler? the story, as you might imagine, got a lot of pickup in the right wing media. the post surfaced again and again all over conservative press and of course landed distraught father on fox news. even the house speaker john boehner climbed on board the obama hates toddlers bandwagon, after saying he learned obama wouldn't cover his baby. now, hearing this story you may ask yourself the question any journalist writing the story or producer doing a segment about it, or any person with just basic common sense would be asking, could it possibly be the case that obama was denying coverage to a toddler? well, the answer, that very good question is no, of course not. of course not, that is not true. a spokesp
. and for those of us who paid close attention two years ago, it's very much an echo of president obama's major vision for the country, is it not? >> no question about it. it's been his vision really throughout the time he's been in public life. i remember interviewing president obama about income inequality in the fall of 2007. what he was doing in this speech is making a broad argument for government action across the board, not just on things like the minimum wage, but also domestic investments and infrastructure and education, job training. also his health care law. he's always seen the aforfordab care act as one element of an agenda to give a foundation of stability and security economically under people as they try to get into the middle class. he was reiterating that argument today. as you said, the shift to a more offensive argument shows how key it was to get that website working by the december 1st deadline because that is something that allows the administration to shift and make a different kind of argument. we will see, of course, whether or not as the president pointed out in his
did you find out? >> after a bitter pill story last year, that story is followed up. he'll write a monthly column about implementing obama care. basically, the good thing, one of the gas things about obama care it actually sets some new laws saying you can't, hospital can't overcharge the way it did before and expect to have that nonprofit status they enjoy. what was discovered is 2 1/2 years after they wrote through they haven't written regulations that would for the hospitals to start charging them or force hospitals to stop going after poor or indy against or underinsured folks. it's a good story. the obama administration can't get the little things right. some of these practices and policies would start. >> is the stop of overcharge is part of america spend sewing much of its gdp spent on health care or is it a separate issue. >> it's one of the reasons we do spend so much on health care. you get into a minor scrape or accident you go to hospital and easily rack up $10 or $25,000 worth of charges in a few hours. some of those charges are just completely, you know, unreal. wha
the sponsor do they open up old wounds. >> the economy, best jobs news in a year and new assurances from the fed. i'm krystal ball. why so sad, wall street? >> president obama tries to rally the facebook generation to like the health care law. this afternoon they've got an open mike straight to the oval office. >> and the big chill. we get it, it's december. but this is something else. i'm abbi huntsman, snow and temperatures 40 degrees below normal. we have friends at the weather channel to tell us. >> there's just one hour until wall street closes and the markets are lower and if that's extending three days of losses on the dow and s&p. why the change? there are a few possible reasons. the government's unemployment report comes out on friday. and some expect a gain of 215,000 jobs in november. that's according to an adp estimate and well above expectatio expectations. good news in the real economy could make the fed
" with jake tapper starts now. >>> happy repeal day! take it easy, obama care fans and foes. i'm talking about repealing prohibition. it ended 80 years ago this hour. cheers! i'm jake tapper. this is "the lead." >>> the world lead. it's the city where terrorists attacked and killed a u.s. ambassador and three other americans more than a year ago. today, another u.s. citizen has been slain in benghazi, libya. who was ronald thomas smith ii? can his family expect justice? >>> the national lead. with his son's suicide, this has been the worst year of pastor rick warren's life but he has relied on his faith to get through it. pastor warren joins us live to share his theory that faith can lighten the burden not only on your soul but on your health. >>> and the politics lead. how to talk to a woman. no, it's not a book full of cheesy pick-up lines. it's a crash course for the men of the republican party. they are getting tips on communicating with female voters. lesson one, lose the idiotic remarks about rape. good afternoon, everyone. welcome to "the lead." i'm jake tapper. we begin with the world
're exposing it. >> explain where president obama is on this. he has stated that he wants to get fast tracked before the end of the year. >> i don't think we can give them fast track. these kind of trade deals -- let's back up a bit. these are treaties between countries. and a treaty should come to congress. they tried to bypass congress by having so-called fast track. they cut congress right out of the deal. and i want my congress person whether it's a he or a she, i want her or him to fight for jobs in this country. when you cut them out, who's going to have the say at the table? multi-national corporations and financiers. >> it is not good for workers in the middle class. no doubt. the addition of south korea, their intention to get involved in the pact. your take on that? >> we already have a deal in south korea and see the results of it. since we signed the deal in south korea, the trade deficit with america for south korea has quadrupled. korea could then take parts and send the cars to us in the deal. as a domestic created vehicle. for the other 70%, they can get their parts from brune
it was able to fire off some rounds. pete williams did dwoernful reporting about that. you saw a ten-year extension that first came up in the 80s, passed by clinton and bush and eventually president obama most likely, which continues a government ban on these sort of plastic weapons that cannot be detected by metal detectors. what was the issue here, new york democratic charles schumer, he wanted more. he said that we should define a gun by having more metal parts. in order to try to avoid -- this is too lenient, if you have a 3d printer, you can make plastic parts that won't be detected. however, because democrats wanted to get this ban through, a lot of them withdrew their opposition of the united states house, so much so this was passed by a voice vote. it's very rare that anything in the u.s. how's is passed by a voice vote. you saw it. rob andrews, a democrat from new jersey, close to the house leadership. don't let the perfect get in the way of good. as we've seen this past year, tamron, anything that has to do with any semblance of gun control turns off a large faction of the house
they need. >> these diskorgss are disturbing because it says that people who oppose barack obama or the affordable care act are willing to do anything. they will distort anything. and, you know, in a few years, i hope that all of you in the media like yourself and others will make sure that all of the footage is being, you know, put in a library away. in a few years if you play back what many of these people are saying and report on all the distortions that were going on, another generation will laugh and say what kind of people were they? look, insurance is as was said earlier, it's very personal. and they're making up things as they go. and the closer we get -- and this is a sign things are getting better -- the closer we get the more distortions we're going to see. the more things like the united states is moving its embassy out of the vatican. i mean, that thing is going to go more and more and more because it is working. 7.1 million seniors saw the doughnut hole close. that's $8.3 billion. >> richard, it goes back to your point you can't spend either way if something is work
obama with an american mother and a kenyan father, a graduate of the harvard law school, the president of the harvard law review, a senator in just his second year of office runs for president of the united states and is already the number two candidate. >> we're back at the "hardball" college tour at american university. your remarks the other day was so resonant on what the holy father pope francis has been saying. talk about that. the belief we have a social responsibility, a moral responsibility to look out for people who haven't made it in this country. >> yeah. there's no great religion that doesn't speak to this. at root, every great religion has some equivalent of the golden rule, some equivalent of the idea that i am my brother's keeper and my sister's keeper. some notion that even as we each take individual responsibility for acting in a responsible and righteous way, part of our obligation is to the larger world. and to future generations. you know, i think pope francis is showing himself to be just an extraordinarily thoughtful and soulful messenger of peace and justice. i
in american politics when barack obama, an american mother and kenyan father, a graduate of harvard law school, the president of harvard law review, a senator in just his second year of office runs for president of the united states and is already the number two candidate. [ applause ] >> we're back to the "hardball college tour" at american university. mr. president, your remarks on economic justice to me as a roman catholic was so the further muslim background to the belief that we have, a social responsibility, a moral responsibility to look at how people have made it in this country. >> yeah. there's no great religion that doesn't speak to this. at root, every great religion has some equivalent of the golden rule, some equivalent of the idea that i am my brother's keeper and my sister's keeper, some notion that even as we each take individual responsibility for acting in a responsible and righteous way, part of our obligation is to the larger world and to future generations. and i think pope francis is showing himself to be just an extraordinarily thoughtful and soulful messenger of peace
of america. >> this is going to be remembered as one great day in american politics when barack obama with an american mother and a kenyan father, a graduate of the harvard law school, the president of the harvard law review, a senator in just his second year of office runs for president of the united states and is already the number two candidate. >> we're back at the "hardball" college tour at american university. your remarks the other day was so resonant on what the holy father pope francis has been saying. the belief we have a social responsibility, a moral responsibility to look out for people who haven't made it in this country. >> yeah. there's no great religion that doesn't speak to this. at root, every great religion has some equivalent of the golden rule, some equivalent of the idea that i am my brother's keeper and my sister's keeper. some notion that even as we each take individual responsibility for acting in a responsible and righteous way, part of our obligation is to the larger world. and to future generations. you know, i think pope francis is showing himself to be j
. >>> chris matthews is up next. >>> tonight we bring to you my interview with president obama. i have covered two great world events in my career. one was the fall of the berlin wall in 1989. the other was the first democratic election in south africa five years later. i was there when the country's black majority voted by the millions, waiting in lines that stretched from one horizon to the other. i saw first hand the devotion to democracy. it was the great legacy of the man who died today. president obama paid tribute to nelson mandela today. through his fierce dignity and unbending will to sacrifice his own freedom for the freedom of others i moved all of us. he embodied the promise that human beings and countries can change for the better. his commitment to transfer power and reconcile those who jailed him set an example for all to aspire to, whether in the lives of nations or in our own personal lives. >>> i promised you the president of the united states. and he's here. let's play "hardball." >> it's my honor to introduce the president of the united states. [ applause ] >> well, thank y
reissued his own call for a better country. in a speech on wednesday, president obama decried growing income inequality and lack of economic mobility calling it the defining issue of our time. he promised that it would be the core fight of his next three years in office. >> the idea that so many children are born into poverty in the wealthiest nation on sert heartbreaking enough. but the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own, that should offend all of us. and it should compel us to action. we are a better country than this. >> the numbers show that the reality, what president obama called the fundamental threat to the american dream, has been growing increasingly dire for decades. the richest americans have steadily take an bigger share of the country's income. the wealthiest 10% make more than half of all income in the united states. and it hasn't always been this way. just take a look at this chart. for decades what you are seeing there in the '50s through the '
to president obama's vision and the statutes and 10. the rule now before regulators for -- intent. the rule now before regulators is the result of years of effort. it limits risky proprietary trading while protect inessential economic activities like market making such as selling bonds for mutual funds. it prohibits risky trading that's like the london whale and puts in place strong compliance to make sure that the tone at the top sends the right signal to the whole firm. now, in order to make sure that taxpayers are truly protected, it is critical to have an effective resolution process so that individual family firms do not jeopardize the entire system or taxpayers at risk. dodd frank prohibits the use of taxpayer dollars to bail out any taxpaying -- any financial firm. financial crisis, a canon will use the tools the law provides. -- it can and will use the tool the law provides. regulators will require firms to rework their plans if they are not credible. if firms are not able to provide a credible plan, regulators will propose remedies including requiring firms to realign their businesses.
this which is why they voted to reject territory status in a referendum held one year ago. the obama administration recognizes this as well, which is why it proposed the first federally sponsored status vote in puerto rico's history to resolve the issue once and for all. and finally, members of congress, from both bodies, comprehend this which is why 125 of them have co-sponsored legislation i introduced that provides for an up or down vote in puerto rico on the territory's admission as a state and outlines the steps the federal government will take if a majority of voters favor admission. there are many reasons to oppose puerto rico's territory status, which is unequal, undemocratic and un-american. one of the most important reasons why puerto rico must discard this status in favor of either statehood or nationhood is because the current status has failed and will continue to fail to provide the island's 3.6 million american citizens with the economic opportunities and the quality of life they deserve. those who refuse to acknowledge this fundamental truth for ideological reasons ar
are learning that president obama and first lady michelle obama will travel to south africa next week to attend memorial event. former secretary of state madeleine albright spoke earlier. she paid tribute to former california congressman tom lantos and hillary clinton looking at her years of service. >> thank you very much. thank you to mica for your kind wonders and good morning. thank you to all of you. i am thrilled to be here. we're here to celebrate those who dedicated their lives to the human rights movement and we would be remised if we did not speak as to mica did to honor the passing of one of the movement's greatest heroes, nelson mandela. president mandela was a activist, political leader, a statesman and he was above all a teacher. he taught us that the power of forgiveness is greater áhan the power of hate and the differences of race and nationality matter less than our shared humanity. his presence on this earth will be sorely missed but his lessons will endure in the hearts of millions. this has in fact, become a very special event as part of what tom talked about an awful lot.
'll leave it with you. how can anybody be opposed to this? the money won't go back to my president obama's friends. it will go to the consumer. t will lower the opportunity costs that hold new and old businesses back and cost detroit billions of dollars a year. if we use numbers from a similar maryland, i estimate storing the storm water that every city ought to do is saving $12.2 million. it will pay for police and fire protection. other things you want in your city. we want people to move to detroit from around the country and around the world. we want to allow immigration to our company where people have capital. people are going to canada because the income tax is 15%. great is getting a lot of entrepreneurs around the world, we're losing them. why? corporate income tax here is 35%. economic enterprise zones would $50,000. the visas with let them come to our country. detroit doesn't need a handout. jobbing now yanet a handout. just look at your history of innovation, look at the proud history of detroit. produced nry ford who a car that assembly line men and he reduced the work week.
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